So Angry about our buyer need to rant. Sorry

littlesos

Our house has been on the market for coming up to 2 years now :eek:
We sold it to someone about 3 months ago, but they lost their buyer and so we put it back on the market. One day later we had our first new viewer, she came back the next day and made an offer. We refused. She increased her offer and we said we'd think about it as we had three more viewings booked for the Saturday. She then upped her offer again, on the condition we cancelled the other viewings. She said she was a cash buyer with the money waiting and was ready to go. After a bit of thinking and checking out the other potential viewers positions we agreed and cancelled all the other viewings.

Now, I find out yesterday from our solicitors that she is waiting for a mortgage agreement, AND she is selling her house to her brother. Instead of being able to move in the next few weeks it's going to be a couple more months! I was so angry, I rang the estate agents up and shouted at them, they said were most upset with her, as she had told them she had the money waiting etc. I was so angry I almost insisited we put the house back on the market, but this would only be cutting off my nose to spite my face, so we didn't.

The thing that makes me crossest is that our original buyer came back to us just after we had accepted the new offer as their sale was back on. We turned them away cos our new buyer was in such a good position. I'm very tempted to call the EA and find out whether our original buyers are still looking and offer the house back to them. I'm not sure I can be that mean though.

Feel better now I've got that off my chest.

danuk

i would offer it to the others without her knowing, she lied to you so she needs to be treated the same in my opinion. Nothing has been signed yet so nothing stopping you.

If she lied about that how trustworthy a buyer is she, will she do something similar when it comes to later in the day... I.e surveys, renegotiating....

Doozergirl

If you have been going through this process with her for three months, you would be cutting off your nose to spite your face by pulling out.

So, I would complain to your EA and negotiate a discount. They should have checked that she was in the position she said she was. This is standard practice for any decent agent.

If she has the cash in the bank and shows them a bank statement, there isn't much they can do if she decides that she wants to buy with a mortgage and sell her existing property, but most people don't have the money in the bank and most people who did, probably wouldn't be buying with a mortgage if they coulds afford two houses outright.

Your estate agent has been pretty negligent in my view. Ask them what their complaints procedure is.

golfnutt

I would go back to the first buyer, They were honest with their situation and came back to you again when the sale was back on.
How could you ever trust the other again ?
Good luck.

danuk

Doozergirl wrote: »

If you have been going through this process with her for three months, you would be cutting off your nose to spite your face by pulling out.

So, I would complain to your EA and negotiate a discount. They should have checked that she was in the position she said she was. This is standard practice for any decent agent.

If she has the cash in the bank and shows them a bank statement, there isn't much they can do if she decides that she wants to buy with a mortgage and sell her existing property, but most people don't have the money in the bank and most people who did, probably wouldn't be buying with a mortgage if they coulds afford two houses outright.

Your estate agent has been pretty negligent in my view. Ask them what their complaints procedure is.

spot on makes perfect sense that

littlesos

Doozergirl wrote: »

If you have been going through this process with her for three months, you would be cutting off your nose to spite your face by pulling out.

Sorry, I didn't make it clear. We've only been involved with this buyer for almost 4 weeks now. It was our first sale that happens 3 months (actually I've checked my diary and it's almost 4 months!) ago.

I've never been asked for proof that I can pay, is that something that only happens down South?? Maybe up here we're a bit more trusting/naive.

I suppose I feel more angry as my daughter is due to start primary school in August, she hasn't got a place at the school local to the new house so we are appealing, and we really wanted to be in and sorted before the appeal happened. Whichever buyer we choose now that isn't going to happen, so it looks like babysos will have to travel miles to go to school.

Thanks

lynzpower

littlesos wrote: »

Sorry, I didn't make it clear. We've only been involved with this buyer for almost 4 weeks now. It was our first sale that happens 3 months (actually I've checked my diary and it's almost 4 months!) ago.

I've never been asked for proof that I can pay, is that something that only happens down South?? Maybe up here we're a bit more trusting/naive.

I suppose I feel more angry as my daughter is due to start primary school in August, she hasn't got a place at the school local to the new house so we are appealing, and we really wanted to be in and sorted before the appeal happened. Whichever buyer we choose now that isn't going to happen, so it looks like babysos will have to travel miles to go to school.

Thanks

No.

Basically if someone says they are a cash buyer. Any agent should be ask
ing for "proof of cash" be it a letter from their accountant, a bank statement showing XXX K money sat there etc.

If your EA would have asked for this, then they would have found out she was lying she isnt a cash buyer, and she needs a mortgage. therefore you would have been in the position to make a decision on whether to proceed with this buyer or await another one.

I have had the same thing happen to me and I persevered every single day to the end of the transaction in the end utterly hating my buyer. When it came to the day to hand the keys over I practically threw them at him and also chose not to clean out the oven properly just to naff him off :rotfl:

pickles110564

littlesos wrote: »

I suppose I feel more angry as my daughter is due to start primary school in August, she hasn't got a place at the school local to the new house so we are appealing, and we really wanted to be in and sorted before the appeal happened. Whichever buyer we choose now that isn't going to happen, so it looks like babysos will have to travel miles to go to school.

Thanks

If you go back to the first buyer why do you say you can't get it done by August.
That is being very defeatest on our just compleated sale/purchase we got it all done in about 10 working days to exchange, all you have to do is spend time each day sometimes more than once chasing up the EA's and Solicitors.
With your attitude you will be beaten before you even get started

littlesos

pickles110564 wrote: »

all you have to do is spend time each day sometimes more than once chasing up the EA's and Solicitors.
With your attitude you will be beaten before you even get started

If it's that easy why doesn't it take every 10 days!!! Your comment has annoyed me. The original buyer is part of a long chain which includes a commercial property.

We have no control over the people further down the chain, so flippant comments implying I should be more pro-active are frankly quite insulting.

I'm glad it all worked out so quickly and easily for you, but remember a large part of that speed is down to luck not you fantastic prowess at buying/selling.

do_it_today!

what a nightmare - this chain system somehow really needs to change!
the agents should have got proof of cash in the first place! if it were me I would be inclined to check out the original buyer - the current buyer doesnt sound very reliable

benood

I don't think that your latest buyer has been much worse than many so called cash buyers - even the ones who have bank statements to show will often be selling another house to move to yours so will try every delaying tactic under the sun to avoid over exposure to property through owning two places at once.

Having said that don't feel bad about sounding out your original purchaser and making a decision following that conversation.

I think this new buyer may still be the best option - she's selling to her brother so that chain shouldn't be too much trouble and perhaps the AIP is a formality.

Could your agent mention to her that the original buyer is sniffing about and use this to apply some pressure?